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Products: Hawaii's Economy

Keep up to date with the latest UHERO products.

Hawaii News Now: Carl Bonham on BIA "Still Houseless in Honolulu" Summit

UHERO Executive Director Carl Bonham joins Howard Dicus on Sunrise to discuss Hawaii's housing shortfall and his presentation for the Building Industry Association of Hawaii's 2016 summit, "Still Houseless in Honolulu."

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Desperately Seeking Housing: Presentation from BIA's "Still Houseless in Honolulu" 2016 Summit

Carl Bonham presented "Desperately Seeking Housing" at BIA's "Still Houseless in Honolulu" summit on November 15, 2016.

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Hawaii News Now: Carl Bonham on the Hawaii Construction Forecast

UHERO Executive Director Carl Bonham joins Howard Dicus on Sunrise to discuss the HawaiiConstruction Forecast: Building Cycle Approaches Peak.

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Hawaii Public Radio: Sumner La Croix on Why It’s Always Been Expensive To Buy a Home in Hawaii

UHERO fellow Sumner La Croix appears on HPR to talk about why it's always been expensive to buy a home in Hawaii.

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The Conversation: Carl Bonham on the Hawaii Construction Forecast

UHERO Executive Director Carl Bonham appears on The Conversation to talk about the Hawaii Constuction Forecast: Building Cycle Approaches Peak.

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Hawaii Construction Forecast: Building Cycle Approaches Peak

Construction has accelerated over the past year and will approach its cyclical peak over the next. Jobs and income are now growing at double-digit rates, driven by strength across all major sub-sectors and, increasingly, all counties. Increments to growth will be much smaller going forward, and activity will begin to fall off by 2018 as the surge in resort and condo building wanes, costs for builders and homebuyers mount, and global economic conditions become less favorable.

This analysis and near-term forecast is available as a service to the public. For more detailed multi-year forecasts, subscribe to UHERO's Forecast Project.

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UHERO State Forecast Update: Hawaii Growth Downshifting

Hawaii’s economy continues to roll along, but with signs of a slowdown ahead. The environment for tourism remains guarded, and the maturing of the construction cycle will remove what has been a major impetus for growth. Compared with recent experience, average rates of growth for jobs and income will trend lower over the next several years.

This analysis and near-term forecast was provided to Sponsors and Subscribers as part of the UHERO Construction Forecast. For more detailed multi-year forecasts, subscribe to UHERO's Forecast Project.

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The Conversation: Carl Bonham on Potential Problems with Monetary Policy in the Future & Long Term Lack of Inflation

UHERO Executive Director Carl Bonham appears on The Conversation to talk about whether low interest rates and low inflation have become the new normal.

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The Conversation: Carl Bonham on the UHERO County Forecast

Posted May 24, 2016 | Categories: Media, Hawaii's Economy

UHERO Executive Director Carl Bonham appears on The Conversation to talk about the UHERO County Forecast: Counties Share Positive Outlook, but Face Individual Challenges

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UHERO County Forecast: Counties Share Positive Outlook, But Face Individual Challenges

Hawaii’s four counties are moving steadily forward, accommodating new visitors, restoring lost jobs, and growing household incomes. Prospects remain good for the next few years, supported by health in the US economy, local labor markets, and construction. Growth rates will begin to trend lower, as each county converges toward its trend path and as construction moves to, and then beyond, the next cyclical peak.

This analysis and near-term forecast is available as a service to the public. For more detailed multi-year forecasts, subscribe to UHERO's Forecast Project.

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How Hawaii’s State Government Shares Transient Accommodation Tax Revenues With Its Local Governments

Many states in the U.S. give unrestricted financial support to their local governments. The reasons some state governments provide aid and others do not, and why a particular mode of revenue sharing is adopted remain unclear. This paper examines Hawaii’s recent effort at developing a model to allocate the state’s transient accommodation tax revenues between the State and the county governments. The paper documents the process and explains the rationale behind the model.

WORKING PAPER


Hawaii Executive Conference 2016 Presentation

Carl Bonham presented "Clusters of Economic Growth" on strong clusters as drivers of economic vitality during the "Measuring Sustainable Growth" panel on April 13, 2016 at HEC 2016 in Wailea, Maui.

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Creating Tourism Improvement Districts to Raise Stable Funding for Destination Marketing and Promotion

Tourism Improvement Districts (TIDs), modeled after the more well-known Business Improvement Districts (BIDs), are increasing rapidly in the U.S. With enabling legislation from state and local governments, TIDs allow hoteliers in a tourist destination to ban together to impose compulsory assessments on nearly all the hotels in the district in order to raise money to fund destination marketing. To date, research on TIDs have come almost exclusively from destination marketing organizations (DMOs), travel associations, TIDs, and consultants with vested interest in the formation and expansion of TIDs. This paper synthesizes information from available reports and attempts to provide a more balanced view of the role of TIDs in destination tourism marketing and promotion.

Working paper


Sumner La Croix on PBS Hawaii Insights: Is Hawaii in a Real Estate Bubble?

As the median price of single-family homes in Hawaii have hit record highs and continue to climb, is Hawaii in the midst of a real estate bubble? UHERO's Sumner La Croix joins Daryl Huff and guests on Insights on PBS Hawaii to discuss what this means for potential home-buyers.

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The Conversation: Carl Bonham on the State Forecast Update

UHERO Executive Director Carl Bonham appears on The Conversation to talk about UHERO's State Forecast Update: Growing in a Riskier World.

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